Here's an idea.
Pacers Trade: TJ Ford, 1st Round Pick (Top-10 protected)
Rockets Trade: Rafer Alston, Carl Landry
Why: The Rockets get an upgrade at PG and a mid-first round pick to help rebuild their aging, oft-injured core. The Pacers get a capable PG who's a better outside shooter and distributor than Ford. We also get Carl Landry, who's likely to be as good as any PF we'd be able to land in this draft.